Q.State any four functions of a credit co-operative society.

A credit society's functions all revolve around collecting savings and lending them out.

A credit co-operative society performs functions built around accepting savings and granting loans. Four of its main functions are:

1. Accepting deposits and savings — It receives members' savings, recurring and fixed deposits, pays a reasonable rate of interest on them, and thereby builds its fund while promoting the saving habit.
2. Granting loans and advances — Out of the pooled fund it lends to needy members for productive purposes and pressing personal needs, against surety or the pledge of goods.
3. Charging a fair rate of interest — It lends at a moderate rate, far below the moneylender's, keeping only a small margin so that credit remains cheap for members.
4. Encouraging thrift and self-help — By requiring regular saving and disciplined borrowing, it develops financial discipline and self-reliance among members. …

Do not confuse functions (what the society does — accept deposits, lend money) with features (what the society is — voluntar …